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Edmonton real estate market - Home Prices Drop in July
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Information was from the follow link: + e( n f% r8 |- h6 v
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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9 s0 {, e- O1 s8 o- G1 hHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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New listings: 456 (492, 455, 529)1 a& f6 u/ Q+ s2 |+ I
# Sales: 198 (276, 228, 218)
( t0 d6 ~0 o% j8 l4 x/ }* PRatio: 43% (56%, 50%, 41%)# r/ N3 _. K3 }( N7 _
# Price changes: 341 (390, 363, 369)
+ X: I7 i2 h- a# m# Expired/Off Market Listings: 174 (221, 226, 204)
5 d- Z* x, z1 lNet loss/gain in listings this week: 84 (-5, 1, 107)
. V/ S% J, y& k& U' cActive listings for single family homes: 3454 (3395, 3374, 3329)- w' r v! H* s* i* M
Active listings for condos: 2253 (2232, 2209, 2217)* \5 u/ L7 Z: ]3 g5 ?0 U0 W, k; Y
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Inventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing.
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The REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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